Sheikh Abdul Hai Bachchu, Chairman of BASIC Bank Limited, inaugurates a branch at Shyamoly in Dhaka Sunday.

The 52nd branch of BASIC Bank Limited was inaugurated at Shyamoly in Dhaka Sunday.

Sheikh Abdul Hai Bachchu, Chairman, Board of Directors of the bank formally inaugurated the branch, said a press release.

Kazi Fakhrul Islam, Managing Director of the bank presided over the function, while Jahangir Akand and Shubhashish Basu, Directors and Kanak Kumar Purkaistha, Deputy Managing Director were present.

Chairman told the audiences that the bank was established for not only to earn profit but also to serve the people during humanitarian crisis.

Managing Director said the bank already opened seven branches this year and will open 20 more branches after getting Bangladesh Bank’s permission. The bank has been extending 50 percent loans to small and medium range industries, he added.

The Daily Sun/Bangladesh/  13th Aug 2012